Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Braille Energy Systems Inc. is a Canada-based battery-manufacturing and energy storage company. The Company is engaged in supplying batteries to the professional motor sports industry and supplies a complete line of lightweight high-powered battery systems for the transportation market. The Company is a provider for a number of professional auto racing series, including Indycar, DTM, SuperGT and Australian V8 Supercars, along with many of the prototypes and GT cars in the IMSA TUDOR sports car series. It is also a supplier to teams in Open Wheel, Drag Racing, Rally, and SCCA. Its brand names include Micro-lite, Green-lite, Super 16 Volt Lithium, Intensity, Intensity Carbon, and Fleet-lite. Its AGM brands include Endurance Series, Carbon AGM and Lightweight AGM. It is also focused on development of the ELECTRAFY brand, which primarily focuses on the design and manufacturing of fully integrated Back-up Power Systems (BPS), as well as stand-alone Energy Storage Systems (ESS).
BES - Braille Energy Systems Inc
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